Port of NY/NJ handles record 593,625 TEU in May

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Port of NY/NJ handles record 593,625 TEU in May

THE Port of New York and New Jersey has set a new monthly container throughput record in May after handling 593,625 TEU, an increase of 5.1 per cent from the same month last year.

The busiest cargo gateway on the US East Coast and third largest in the US saw its containerised cargo volumes continue to rise last month, boosted by increases in both loaded import and export volumes. It was the fifth consecutive monthly record, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ).

Throughput of loaded imports grew 6.6 per cent year over year to 302,081 TEU, while laden export volumes surged 9.3 per cent to 130,341 TEU. Exports of empty containers, however, slipped 0.2 percent to 159,743 TEU compared with the same month a year ago, and import empties dropped 33.9 per cent to just 1,460 TEU, reports American Shipper.

ExpressRail, the port authority's ship-to-rail system serving New York and New Jersey marine terminals, also set a new all-time monthly volume record in May with 57,732 container lifts, a 19.6 per cent jump from the same 2017 period.

Through the first five months of 2018, cargo volumes at the Port of New York and New Jersey have grown 6.8 per cent year over year to 2.83 million TEU, keeping the port on pace to surpass the record 6.71 million TEU it handled for all of 2017.

Cargo growth has been fuelled by an 8.8 per cent increase in import loads to 1.45 million TEU and a 9.9 per cent jump in loaded exports to 626,884 TEU. Empty container exports also have grown 2.1 per cent to 744,675 TEU, while empty imports have dropped 30.3 per cent to 6,457 TEU.

In non-containerised cargo, vehicle volumes at the port surged 22.6 per cent year over year to 52,312 units in May, bringing the year-to-date total to 240,693 automobiles, a 6.8 per cent increase from the first five months of 2017.